Flexible Electronics News

Australian Energy Fund Makes $4 Million Investment in Greatcell Solar

Funds will help expedite plans to develop Greatcell’s prototype facility at CSIRO at Clayton, Victoria.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Greatcell Solar has executed a subscription agreement for a strategic investment of $4 million at 22 cents per share from an Australian food, water and energy fund. The fund has strongly indicated its interest to maintain its percentage shareholding and, where possible, increase it over time as Greatcell transitions from R&D to global mass manufacture.   The funds will be employed to expedite plans to develop Greatcell’s prototype facility at CSIRO at Clayton, Victoria and to immediately b...

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